Independent Board Member - Financial Reporting Advisory Board

HM Treasury

Apply before 11:55 pm on Wednesday 16th October 2024

 
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Details

Reference number

369881

Salary

£0
This role is unremunerated but reasonable travel expenses will be reimbursed on application.

Job grade

Other

Contract type

Fixed term

Length of employment

The term of appointment is 3 years, with the potential to renew once.

Type of role

Finance

Working pattern

Part-time

Number of jobs available

1

Contents

Meetings when held in person, are convened at HM Treasury, London.

Job summary

HM Treasury invites applications for an independent member to join the Financial Reporting Advisory Board (FRAB). FRAB is an independent statutory body that makes key decisions and provides advice to HM Treasury and Parliament on the direction of financial reporting policy in the public sector.

Commitment

The expected time commitment of the role is to attend 3 regular meetings per year (in March, June and November and usually the third Thursday of each month) plus any additional occasional meetings as needed. Members are also expected to contribute to occasional out of meeting communications on an ad hoc basis throughout the year.

Job description

Each FRAB member is expected to contribute to the overall success and effective and efficient operation of the FRAB in the following ways:

  • Draw on your knowledge, skill set and expertise, to play a full part in the Board’s deliberations on issues of financial reporting practice and principle, and in the process formulate advice to the Relevant Authorities on financial reporting in the public sector
  • By regular attendance at Board meetings (typically 3 meetings per year) and work together with other members to ensure the consistency of Board performance
  • Contribute to discussion during meetings and out of meeting discussions and papers
  • Be objective when considering accounting issues and points of accounting principle
  • Support the delivery of the strategic priorities of the Board and contribute to developing and deciding long-term strategies using skills, experience and judgement
  • Ensure that for issues under debate by the Board, express opinions clearly, supported by reasoned analysis
  • Adhere to the Board membership Code of Conduct and declare any personal conflicts of interest related to issues considered by the Board, or subject to the provision of its advice.

Person specification

It is essential in your supporting statement and at interview that you provide evidence and proven examples against each of the selection criteria of how you meet the requirements of the post. The criteria will be used to assess whether candidates have the required qualities, skills and experience listed below.

We would like you to demonstrate the following essential criteria:

  • Evidence of relevant accounting or other public financial management and reporting experience at a senior executive level.
  • Evidence of providing effective leadership in an advisory or senior management role, and the ability to participate in the formation of policies and strategies within a large organisation.
  • Ability to challenge constructively and influence decision making within a board setting, and
  • Evidence that you are a qualified accountant (CCAB or equivalent), with evidence of strong International Financial Reporting Standards knowledge and application.

Desirable:

  • An understanding of the UK public spending and reporting environment and the role of the Board. 

Personal qualities:

  • Committed and goal focused with the ability to set clear priorities and to contribute meaningfully to Board discussions, and
  • Excellent interpersonal skills that generate trust and confidence in others.

Selection process details

If you are interested in applying for the role, please supply the following by 23:59 on Wednesday 16th October.

  • A comprehensive CV setting out your career history and including details of your professional qualifications
  • A covering letter (with a maximum of 2 pages) outlining what interests you about the role and how you meet the relevant person specification requirements
  • In addition, please also complete and return the questionnaire at Annex A relating to the guaranteed interview scheme, political activity and conflicts of interest as well as the Diversity Monitoring Form
  • Supply details of two referees who may be contacted to provide a reference or information relating to your application. Details should include, names, addresses, contact number, email address and occupation.

Please note that HM Treasury may undertake some social media checks and other vetting prior to interview.

Completed applications should be emailed to the Board Secretariat at FRABsecretariat@hmtreasury.gov.uk

If you have any queries about the role please contact the Board Secretariat at FRABsecretariat@hmtreasury.gov.uk



Feedback will only be provided if you attend an interview or assessment.

Security

People working with government assets must complete baseline personnel security standard (opens in new window) checks.

Nationality requirements

This job is broadly open to the following groups:

  • UK nationals
  • nationals of the Republic of Ireland
  • nationals of Commonwealth countries who have the right to work in the UK
  • nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities with settled or pre-settled status under the European Union Settlement Scheme (EUSS) (opens in a new window)
  • nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities who have made a valid application for settled or pre-settled status under the European Union Settlement Scheme (EUSS)
  • individuals with limited leave to remain or indefinite leave to remain who were eligible to apply for EUSS on or before 31 December 2020
  • Turkish nationals, and certain family members of Turkish nationals, who have accrued the right to work in the Civil Service
Further information on nationality requirements (opens in a new window)

Working for the Civil Service

Please note this Post is NOT regulated by the Civil Service Commission.
The Civil Service embraces diversity and promotes equal opportunities. As such, we run a Disability Confident Scheme (DCS) for candidates with disabilities who meet the minimum selection criteria.
The Civil Service also offers a Redeployment Interview Scheme to civil servants who are at risk of redundancy, and who meet the minimum requirements for the advertised vacancy.

Diversity and Inclusion

The Civil Service is committed to attract, retain and invest in talent wherever it is found. To learn more please see the Civil Service People Plan (opens in a new window) and the Civil Service Diversity and Inclusion Strategy (opens in a new window).
Once this job has closed, the job advert will no longer be available. You may want to save a copy for your records.

Contact point for applicants

Job contact :

  • Name : FRAB Secretariat
  • Email : FRABsecretariat@hmtreasury.gov.uk

Recruitment team

  • Email : hrrecruitment@hmtreasury.gov.uk

Further information

If you are unsatisfied with how your application has been handled throughout the recruitment process, please contact the FRAB Chair on the below email in the first instance:
FRABSecretariat@hmtreasury.gov.uk

Attachments

FRAB Independent Board Member pack - FINAL Opens in new window (docx, 74kB)
Disability Conflicts and Political form Opens in new window (docx, 78kB)
Diversity monitoring form Opens in new window (docx, 1666kB)

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